Empowered Funds LLC Grows Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Empowered Funds LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 556,986 shares of the technology company's stock after purchasing an additional 11,776 shares during the quarter. Empowered Funds LLC owned 0.55% of TTM Technologies worth $13,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock valued at $44,491,000 after acquiring an additional 30,738 shares during the last quarter. Wellington Management Group LLP increased its position in shares of TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock valued at $25,453,000 after acquiring an additional 18,027 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock valued at $22,804,000 after acquiring an additional 367,608 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of TTM Technologies during the third quarter valued at approximately $18,600,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of TTM Technologies during the third quarter valued at approximately $15,314,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Douglas L. Soder sold 19,015 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the sale, the executive vice president now owns 185,478 shares in the company, valued at $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,261 shares of company stock valued at $1,043,417. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

Shares of TTM Technologies stock traded down $0.72 during trading hours on Wednesday, reaching $25.66. The company had a trading volume of 1,010,085 shares, compared to its average volume of 772,964. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The business has a fifty day simple moving average of $25.19 and a 200 day simple moving average of $21.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.70. The firm has a market cap of $2.62 billion, a PE ratio of 47.52 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, analysts anticipate that TTM Technologies, Inc. will post 1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TTMI. Stifel Nicolaus began coverage on TTM Technologies in a research report on Tuesday. They set a "buy" rating and a $33.00 price target for the company. Needham & Company LLC raised their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.